Abstract
The short-run equilibrium can be condensed into a system of two differential equations:
Here the question arises whether the long-run equilibrium is stable. By applying phase diagram techniques, we shall try to give an answer to this question.
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© 1992 Physica-Verlag Heidelberg
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Carlberg, M. (1992). Stability. In: Monetary and Fiscal Dynamics. Studies in Contemporary Economics. Physica-Verlag HD. https://doi.org/10.1007/978-3-642-47689-1_6
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DOI: https://doi.org/10.1007/978-3-642-47689-1_6
Publisher Name: Physica-Verlag HD
Print ISBN: 978-3-7908-0619-9
Online ISBN: 978-3-642-47689-1
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